Examples of Shipping income in a sentence
Shipping income attributable to transportation exclusively between non-U.S. ports is generally not subject to any U.S. Federal income tax.
Shipping income derived from sources outside the United States will not be subject to any United States federal income tax.
Shipping income attributable to transportation exclusively between non-United States ports is generally considered to be 100% derived from sources outside the United States.
For these purposes, 50% of shipping income that is attributable to transportation that begins or ends, but that does not both begin and end, in the United States constitutes income from sources within the United States, which we refer to as “United States-source shipping income.” Shipping income attributable to transportation that both begins and ends in the United States is generally considered to be 100% from sources within the United States.
Shipping income related to internet sales is included in net sales, and shipping expense is included in cost of sales.
Shipping income attributable to transportation that both begins and ends in the United States is generally considered to be 100% U.S. source shipping income.
Shipping income attributable to transportation exclusively between non-United States ports is generally not subject to United States income tax.
Shipping income attributable to transportation exclusively between non-U.S. ports is generally not subject to U.S. income tax.
Shipping income does not constitute Subpart F income provided that it is treated as services income and not as rental income (see the discussion above in Section E.3 above).
Coffee creamers $ Hydration and beverage enhancing supplements Harvest snacks and other food items Coffee, tea, and hot chocolate products Other Gross sales Shipping income Returns and discounts Sales, net $ E-commerce Wholesale Sales, net $ Balance Sheet and Cash Flow HighlightsThe Company had $11.9 million of cash and cash equivalents as of March 31, 2023, and no outstanding debt.